4110 Whitman Avenue N, Seattle, WA 98103
- $2,062,000
- 5,500
- SqFt
Listing courtesy of McCallen & Sons, Inc.. Selling Office: Realty One Group Enterprise.
- Sold Price
- $2,062,000
- List Price
- $2,175,000
- Status
- SOLD
- MLS#
- 2155542
- Closing Date
- Nov 01, 2023
- Days on Market
- 67
- Style
- 56 - 10+ Units
- Building Condition
- Fixer
- Finished SqFt
- 5,500
- Area Total SqFt
- 5500
- Annual Tax Ammount
- 26254
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 4,800
- Sewer
- Sewer Connected
- Offer Review Date
- 2023-09-11
Property Description
Attention Investors: Caracol Apartments features an opportunity to own 17 units (15 permitted) in the highly desirable Wallingford neighborhood. Conveniently located within a short drive to Fremont, Greenlake, University of Washington, and Downtown Seattle. Priced under $145K per permitted unit and operating at a current 6.1 cap, this building provides massive upside to the investor that can make needed upgrades to the building that would further increase rents and lower future repair costs. This building’s unique floor layouts, vintage charm, fireplaces and outdoor decks in select units, unbelievable downtown views, and on-site laundry facilities make Caracol an attractive living environment and potentially great investment.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2023-08-26 00:00:00
- Community
- Wallingford
- Net Operating Income
- $131,930
- Gross Adjusted Income
- $220,248
- Gross Scheduled Income
- $231,840
- Total Monthly Income
- $19,320
- Insurance Expenses
- $5,325
- Water/Sewer/Garbage Expenses
- $11,609
- Gross Rent Multiplier
- 9.4
- Total Expenses
- $88,319
- Cap Rate
- 6.1
- Vacancy Rate
- 5
- Total Number of Units
- 15
- Unit Name
- 4110
- Potential Terms
- Cash Out, Conventional, Owner Financing, Rehab Loan
- Year Built
- 1909
- Roof
- Composition
- Site Features
- Deck, Patio
- Electric Expenses
- 5952
- Other Expenses
- 31017
- Energy Source
- Electric, Natural Gas
- School District
- Seattle
- Total Monthly Income
- $19,320
- Gross Scheduled Income
- $231,840
- Vacancy Rate
- 5
- Gross Adjusted Income
- $220,248
- Tax Year
- 2023
- Insurance Expense
- $5,325
- W/S/G Expenses
- $11,609
- Total Expenses
- $88,319
- Net Operating Income
- $131,930
- Gross Rent Multiplier
- 9.4
- Cap Rate
- 6.1
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.